Western Sydney or Adelaide

Discussion in 'Where to Buy' started by jaconde86, 21st Nov, 2021.

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  1. jaconde86

    jaconde86 Well-Known Member

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    Hey Team,

    Im currently looking for IP no. 4 currently have 2 in Brisbane and 1 in Newcastle NSW.

    Am looking around $1M mark but would prefer subdividable. Options are Western Sydney Inc Mt Druitt, St Mary's or Liverpool area or alternatively in Adelaide.

    No Ppr but not looking at this stage as Sydney is out of our price on where we want to live..

    Thanks team
     
  2. PeterCr

    PeterCr Well-Known Member

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    Liverpool CBD may not have many options in the range but closer to the liverpool CBD may provide some good options also look at surrounding suburbs Miller, Busby, Warwick Farm and see if there are any options that may work.

    Adelaide may provide you with plenty of options with $1m price tag.
     
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  3. thunderstrike888

    thunderstrike888 Well-Known Member

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    I heard on the news yesterday that the new Western Sydney Airport is on schedule and so is the metro from the new aerotropolis to St Marys will be delivered on time for the opening.

    I dont think the entire pricing of this has been factored into the area yet and if you jump in now before the rest of the sheep come charging there may be opportunity to make several hundred grand if you buy right and buy something with come TLC required.

    Your in Sydney so very very easy for you to do some work yourself etc...
     
  4. PeterCr

    PeterCr Well-Known Member

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    Some Investments that are planned for Liverpool that may be of interest.

    Major Projects (Sydney's Third CBD in the making).
     
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  5. Gabbaking

    Gabbaking Well-Known Member

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    That's a great point mate, definetely worth some due diligence.

    PS: You have a PM.
     
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  6. Serveman

    Serveman Well-Known Member

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    I would go Adelaide and for 1m you could buy a few properties. My reason is that I think Sydney is already cooked for a while whereas Adelaide has room to grow.
     
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  7. ashish1137

    ashish1137 Well-Known Member

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    SA - will split that into 2/ 2.5 and buy one in North and one in South around beach.

    Regards
     
  8. skater

    skater Well-Known Member

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    I feel that there's more upside in Adelaide or even Perth at this stage.
     
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  9. Branden

    Branden Well-Known Member Business Member

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    I agree with this a lot. Sydney has seen significant price growth over the past decade so historically it should see suppressed price growth in the short term. Moreover, the yields for a million-dollar property are quite low. If you were to purchase in Adelaide or Perth you could purchase two 500k properties with far greater yields and diversify your risk. You have already purchased in Brissy so purchasing inter-state shouldn't be too difficult for you.
     
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  10. D.T.

    D.T. Specialist Property Manager Business Member

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    Assuming all other variables are the same, you can get into a nicer area in Adelaide for your money than you can in other cities. In turn, being in a nicer area affords a better quality tenant and potentially better growth long term.
     
  11. Baker

    Baker Well-Known Member

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    Shhh!!! For dog's sake, keep quiet.
     
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  12. Never giveup

    Never giveup Well-Known Member

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    jumping on to this thread, what about if someone doesn't have 1 million- 550k-600k for good quality IP ? no units or TH
     
  13. Branden

    Branden Well-Known Member Business Member

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    I would be looking at metro markets such as Brissy, Adelaide, and Perth. All have suburbs with established houses that fit that price range. More importantly, numerous suburbs in these markets currently have strong demand from both Owner-occ's and investors.
     
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  14. MTR

    MTR Well-Known Member

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    Exactly

    time for investors to move on and find markets that are in early stages of boom cycle

    Easiest way to lose money is to buy at peak
     
  15. Never giveup

    Never giveup Well-Known Member

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    thanks to @MTR - Perth area is sorted but Bris and Adelaide - do not want to invest in logan area in my price point and Adelaide pricing is booming in the area I was looking hence back to drawing board!
     
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  16. jaconde86

    jaconde86 Well-Known Member

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    Thanks team!

    Im looking at SW Sydney but still open to Adelaide and possibly Brissy.

    Adelaide has also experienced 20%+ gain for the current cycle which ers me on side of caution.

    Although I agree Sydney has increased at a higher rate, the potential for Sydney is still higher long term than Adelaide. Happy to discuss if anyone disagrees.

    Brisbane still has legs too I believe.
     
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  17. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    Western Sydney, and invest with the demographic wind in your sails.
     
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  18. devank

    devank Well-Known Member

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    'demographic wind in your sails' - What does this really mean?
     
  19. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    It's a young population, that is growing. Adelaide by contrast is in demographic stagnation, and while I think Perth will have excellent returns in the next few years, you do have to have one eye on the exit given how cyclical it is.
     
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  20. thunderstrike888

    thunderstrike888 Well-Known Member

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    I've been saying this forever now. Western Sydney is not what it used to be in the 1990s or early 2000s. People still view Blacktown as the "Hood". Its completely different now.

    Those ppl that still think like that are severely ill-informed and completely out of touch with reality. Blacktown, St Marys, Penrith all of these greater Western Sydney suburbs will thrive moving in the future.

    I said in another thread the pricing on houses out there have not fully catered for the juggernaut Western Sydney will become once the Airport opens, the Aerotropolis and surrounds becomes another huge business centre/district and all transport to and from the airport to the main line all going via St Marys.

    2025/2026 is not THAT far away. Get in now.
     
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